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Impact of Macro Economic Factors and Financial Development on Energy Projects - Case in ASEAN Countries

Author

Listed:
  • Hanh Hoang Thanh

    (Ph.D., Academy of Finance, Vietnam)

  • Huy Dinh Tran Ngoc

    (MBA., Banking University, HCM cityVietnam-Graduate School of International Management, International University of Japan, Niigata, Japan)

  • Phuong Nguyen Thi Thanh

    (Ph.D., Thuongmai UniversityHanoi, Vietnam)

  • Nga Le Thi Viet

    (Ph.D., Thuongmai University Hanoi, Vietnam)

  • Anh Pham Tuan

    (Ph.D., Thuongmai University Hanoi, Vietnam)

Abstract

ASEAN (The Association of SouthEast Asian Nations) demand on energy is depending on economic growth of each country, resources, and political and regulations of each country. This study aims to investigate the role of international trade, financial development, foreign direct investment (FDI) on the consumption of renewable energy (RE) in ASEAN countries of the world. The findings explore that positive nexus among the international trade, real output, financial development, foreign direct investment and consumption of RE. Last but not least, this paper will propose several recommendations and policy suggestion for ASEAN countries to manage and encourage better renewable energy projects in the region. One of its original value is that, in the globalization and integration era, environment pollution will affect all ASEAN countries and in the region, so these nations need to link together to implement renewable projects for environment pr otection and for further generation.

Suggested Citation

  • Hanh Hoang Thanh & Huy Dinh Tran Ngoc & Phuong Nguyen Thi Thanh & Nga Le Thi Viet & Anh Pham Tuan, 2020. "Impact of Macro Economic Factors and Financial Development on Energy Projects - Case in ASEAN Countries," Management, Sciendo, vol. 24(2), pages 146-157, December.
    • Handle: RePEc:vrs:manmen:v:24:y:2020:i:2:p:146-157:n:8
    DOI: 10.2478/manment-2019-0051
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    More about this item

    Keywords

    Commerce; Financial Development; Energy projects; macro policies;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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